Health Reimbursement Account (HRA)

Tina Sadowski

Health Reimbursement Arrangements or HRAs allow you to use this benefit, funded by your employer, towards medical expenses that are uninsured. The money from your HRA account can be rolled over from one plan year to the next, depending on the type of HRA plan your employer has selected. Withdrawals from your HRA are not subject to federal, state or Social Security taxes. HRAs also provide an added benefit to employees enrolled in an FSA or Unreimbursed Healthcare Account. What is an HRA? An HRA is an employee benefit funded by your employer that allows you to be reimbursed for out of pocket medical expenses. Your employer will contribute tax-deductible dollars to your account and you will receive your reimbursement tax-free. In some cases, if allowed by your employer, your HRA balance can be carried forward from one year to the next. The schedule for funding of your HRA is predetermined and you are able to access only what is already in your account. Some HRAs are limited to specific expenses such as prescription drug co-pays. If you would like more information on your specific plan, please contact Tina at (716) 675-2100 extension 190.

Accessing Information:

Types of HRA Plans:

There are 3 types of HRA plans; an Unrestricted HRA plan pays for all medical expenses that are not covered by insurance. This includes co-payments, deductibles, vision, dental and more. A Restricted HRA is an HRA that is limited to certain specific expenses that are determined by your employer. Lastly, the HRA Gap Plan will only pay for items eligible under the insurance plan. It is designed to make up the difference between your out of pocket expenses, and your insurance coverage.

Tools, Resources and Services:

When you choose Aebly & Associates to handle your HRA needs, you will be able to:

A robust online system where you can Check up to the minute plan balances, view all claim and payment details, file and submit claims, view upcoming reimbursements, order new or report lost Benny Cards